Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets and list them. For starters, both have major...

Despite bad news, gold investors go for dividends

On the surface, investors appeared to reward the two Canadian gold diggers that reported the biggest fourth-quarter losses, Kinross Gold and Agnico-Eagle, with both the stocks gaining more on Thursday than their profit-making peers at Goldcorp and...

Pretium to raise $18.5m in share sale

Pretium Resources, which owns an 8.3-million ounce gold deposit at the Brucejack property in British Columbia, is raising $18.5-million through a private placement it said on Thursday. The TSX-listed company will use the funds to hasten...

Mountain Province property spin-out cleans up firm for potential takeover

Mountain Province Diamonds said on Thursday it will unbundle the properties it owns around its joint venture with De Beers in Canada’s Northwest Territories, which could make it easier for the Anglo American unit to buy the TSX-quoted firm. CEO...

Mountain Province snubs potential diamond suitors – for now

Mountain Province Diamonds, which has a joint-venture with De Beers in Canada's Northwest Territories, has received interest from companies interested in buying the TSX-listed firm out, but has decided to go it alone for now, CEO Patrick Evans...

Mining companies pressed to boost production amid record prices, rising demand

The Canadian mining sector in the first quarter of 2011 looks and feels starkly different compared with the industry that rang in the New Year just two years earlier

Nautilus expects to unveil project partner soon

TSX- and AIM-listed Nautilus Minerals, hoping to mine the seafloor up to 1 600 m below the surface off the Papua New Guinea coast, will announce its partner this month, CEO Steve Rogers said on Thursday. The company had been in talks with...

Latest CIC offer 'reasonable'

Salman Partners analyst Mike Plaster said TSX-listed CIC Energy's second buyout offer, which emerged on Friday, was reasonable. "We consider the C$7,75/share price to be reasonable at the current stage of development," he said in a note.

More offers could emerge for CIC Energy - analyst

TSX-listed CIC Energy, which was last week thrown into Canadian mining merger and acquisition frenzy with a bid from an unnamed Indian group, may become the target of a bidding war, Salman Partners analyst Mike Plaster said this week. CIC would...

Analysts expect sweetened Potash Corp bid, mixed on rival offer

The general consensus on Tuesday was that BHP Billiton will have to pay quite a bit more than the $130 a share it has proposed if it wants to get its hands on fertiliser products giant Potash Corp. In fact, investors pushed shares in Potash Corp...

China Gold on 'aggressive' acquisition hunt

TSX-listed China Gold International (CGI), which changed its name from Jinshan Gold Mines this month, plans to produce 200 000 oz/y from its Mongolian mine within the next two years. This comes after a bitter winter forced it to cut production...

What will Gulf of Mexico spill mean for Canada's oil sands?

From finger-pointing at the Copenhagen climate summit to a flurry of new project approvals, 2010 started with a bang for the Canadian oil sands industry. Fast forward six months later, and the question on the lips of investors and pundits alike...